RES, a U.K.-based independent renewable energy developer, announced the completion of the sale of a fully ready-to-build 70 MW/160 MWh battery energy storage project in Ånge, Sweden. Delta Capacity, a Swiss-based utility-scale battery storage project developer, acquired the project with financial backing from Wood & Company, a European investment bank and asset manager.
The battery energy storage project is strategically located adjacent to the Björnberget wind project and near the Alby Hydrogen project, enabling grid stability and energy resilience in the region.
Patrik Hes, CEO of Delta Capacity Group, stated, “We are proud to contribute to the European energy transition and energy security by providing smart storage solutions. Our commitment to Sweden’s ambition of utilizing its renewable energy potential is at the core of our new site in Sweden, now one of the largest storage projects in Scandinavia. Clean energy requires a stable and flexible grid, which is why storage capacity plays a crucial role in decarbonization and energy resilience. The potential for change is enormous and we are dedicated to drive it in Europe and overseas.”
Last December, the company was awarded the asset management contract for the Larks Green project, which comprised 70 MW solar and 50 MW battery energy storage systems. This project, developed by Enso Energy and owned by Cero Generation, is located near Bristol in the U.K.
According to Mercom’s Annual and Q4 2024 Funding and M&A Report for Energy Storage and Smart Grid, 38 energy storage projects were acquired in 2024. By comparison, 2023 had 28 project M&A transactions.
In February, GridStor, a developer and operator of grid-scale battery energy storage systems, announced the acquisition of a 150 MW/300 MWh battery energy storage project in Texas from Balanced Rock Power, a U.S.-based solar and energy storage project developer.
